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More “zombie-style” knives and machetes will be banned and the police will be given more powers to seize and destroy them, under plans announced by the Home Office.

A new offence will also be introduced for possessing bladed articles “with the intention to endanger life or cause fear of violence”.

The maximum sentence for the importation, manufacturing, possession and sale of the weapons will be two years, the Home Office announced.

The government said the measures, first proposed in April, will be legislated “when parliament allows” and after a public consultation has taken place.

The possession of so-called “zombie” knives, which the government defines as a blade with “a cutting edge, a serrated edge and images or words suggesting it is used for violence”, was made illegal in 2016.

Under the new measures, the Home Office said the definition of a zombie knife would be expanded to include any bladed weapon more than eight inches long with a plain-cutting edge and sharp pointed end that also has either a serrated cutting edge, more than one hole in the blade or multiple sharp points like spikes.

The government hopes the changes will close a loophole which has allowed some dangerous weapons to be sold without breaking the law by removing certain banned features.

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Recent figures revealed that the number of fatal stabbings in England and Wales was at its highest level since records began more than 76 years ago.

The Office for National Statistics said 282 homicides were committed using a knife or sharp instrument in the year to March 2022 – a 19% rise compared with the previous year and the highest annual total since records began in 1946.

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Pastor Lorraine Jones Burrell speaks passionately about police and knife crime.

Some 51 teenagers aged between 13 and 19 were among the victims.

Labour’s shadow home secretary Yvette Cooper said the newly prohibited weapons “should have been banned years ago”.

“This is the sixth time in seven years that the Conservatives have promised to outlaw zombie knives,” she said.

“Yet even now they are still failing to close the loopholes that mean they can still be sold online. Time and again the Tories have been hopelessly weak and slow to tackle this serious and dangerous crime.”

Currently, the law stipulates that if police find a machete or other legal blade in somebody’s home they are not allowed to seize or act on it, even if they believe the knives could be used criminally.

But police will now be given new powers to seize and destroy knives found on private premises if there are “reasonable grounds to believe the blade will be used in a serious crime”, the Home Office confirmed.

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The Sentencing Council will also be asked to consider amending guidelines for the possession of bladed articles and offensive weapons so that these are treated more seriously than possession of non-prohibited weapons.

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The Minister said serious violence is down by 41% since 2010, but Chris Philp says there is ‘a lot more to do’.

Some machetes and similar knives can have “legitimate uses”, such as for gardening, but the Home Office warned criminals are “buying, selling and using larger bladed articles as weapons to intimidate and cause others serious harm”.

The department said specific exemptions will be made for “legitimate articles” such as objects of historical importance and those that are hand-made, in order to avoid negative effects on the antiques market.

Policing minister Chris Philp said the newly-prohibited weapons “serve no other purpose but to inflate criminal egos and endanger lives” and there is “no reason” to own them.

“That is why we are banning these knives and making sentencing more severe, so our communities can be reassured that this violent criminality will face the punishments they deserve, and lives will be saved,” he said.

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Crypto self-custody is a fundamental right, says SEC’s Hester Peirce

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Crypto self-custody is a fundamental right, says SEC's Hester Peirce

Hester Peirce, a commissioner of the United States Securities and Exchange Commission (SEC) and head of the SEC’s Crypto Task Force, reaffirmed the right to crypto self-custody and privacy in financial transactions.

“I’m a freedom maximalist,” Peirce told The Rollup podcast on Friday, while saying that self-custody of assets is a fundamental human right. She added:

“Why should I have to be forced to go through someone else to hold my assets? It baffles me that in this country, which is so premised on freedom, that would even be an issue — of course, people can hold their own assets.”

Privacy, SEC, Freedom, United States, Self Custody, Bitcoin Adoption, ETF
SEC commissioner Hester Peirce discusses the right to self-custody and financial privacy. Source: The Rollup

Peirce added that online financial privacy should be the standard. “It has become the presumption that if you want to keep your transactions private, you’re doing something wrong, but it should be exactly the opposite presumption,” she said.

The comments came as the Digital Asset Market Structure Clarity Act, a crypto market structure bill that includes provisions for self-custody, anti-money laundering(AML) regulations, and asset taxonomy, is delayed until 2026, according to Senator Tim Scott.

Related: SEC to hold privacy and financial surveillance roundtable in December

Exchange-traded funds (ETFs) challenge Bitcoin’s self-custody ethos

Many large Bitcoin (BTC) whales and long-term holders are pivoting from self-custody to ETFs to reap the tax benefits and hassle-free management of owning crypto in an investment vehicle.

“We are witnessing the first decline in self-custodied Bitcoin in 15 years,” Dr. Martin Hiesboeck, the head of research at crypto exchange Uphold, said.